China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.
Representatives from the EU, Canada, Mexico, Japan and South Korea meet in Geneva on Tuesday to coordinate a counter-response to what could be the joker in Trump's tariff war – namely tariffs on the import of cars.
ANALYSIS: If one looks closer at what the US and EU actually promised, there are hardly any changes to the status quo. Watch Medier's EU correspondent dissects this week's deal and what it actually entails.
US President Donald Trump says he is working to save industrial jobs in the country, reduce China's trade surplus with the US and to hit back at what he describes as decades of intellectual property theft by Chinese businesses – and he is relying on the rationale that trade impacts national security.
As Saudi Arabia pumps more oil before its customers get burned, prices have increased. And US President Donald Trump is not happy, tweeting on Saturday that the Saudi king had agreed to boost the country's oil output to cut costs for consumers.
A little uncertainty is not a bad thing for the dry bulk market, which is otherwise bubbling with optimism after a series of tough years. As such, several shipowners are not worried about a looming trade war.